Semmax Financial Advisors Inc. Purchases 945 Shares of Fiserv, Inc. (NYSE:FI)

Semmax Financial Advisors Inc. lifted its position in Fiserv, Inc. (NYSE:FI) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,547 shares of the business services provider’s stock after buying an additional 945 shares during the period. Semmax Financial Advisors Inc.’s holdings in Fiserv were worth $1,226,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter valued at approximately $25,000. RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv during the fourth quarter worth $27,000. Family Firm Inc. acquired a new stake in shares of Fiserv during the second quarter worth $31,000. ZRC Wealth Management LLC bought a new stake in Fiserv in the 1st quarter valued at $32,000. Finally, Quarry LP acquired a new position in Fiserv in the 4th quarter worth $36,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on FI shares. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $154.00 to $175.00 in a research note on Monday, July 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, KeyCorp boosted their price target on shares of Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.88.

Fiserv Stock Performance

Shares of NYSE:FI opened at $179.27 on Tuesday. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $179.53. The stock has a market capitalization of $104.89 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $166.70 and its 200 day simple moving average is $157.03.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,890 shares of company stock valued at $36,572,057. 0.75% of the stock is owned by insiders.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.